2022-08-31-accounts

	‘Pape
Schoolinformation.	1
Governors’Report	3
IndependentAuditor'sReport	TI.
‘Statementoffinancialactivities	16
Balancesheet	17
Cashflowstatement	18
Notestotheaccounts	19

Governors& / Committees:	Finance	Bursary	Nominations.	Education
MrJ Beckitt(Chair)	*	*	*
Mrs$ Bailes(resigned16.12.21)	+		+	*
MrsA Barron				oe
MrsA Thomson(resigned.24.11.22)		*
MissK Kerr	+		+
MrsS Kooros		y
MzM Perry	&	of.		*
Mrs.PMcAndrew(Vice-Chair)		*	*
Dr MSherman
MrJ Brough(appointed.22.04.21)				*,
MrR Watney(appointed26.08.21)

	Notes		Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
			£	£	£	£
INCOMEANDENDOWMENTS	FROM
Charitableactivities
Schoolfees	2		5,782,837	-	5,782,837	5,246,820
Othereducationalincome			284,657	-	284,657	$1,331
Registrationfeesandother			59,006	”	59,006	69,793
Otheractivitiestogeneratefunds
Investmentincome’						-
Donations	3		-	49,450	49,450	21,300
Otheractivities	3		16,703	-	16,703	5,935
Totalincome			6,143,203	49,450	6,192,653	5,425,079
TOTALEXPENDITUREON
Raisingfunds Financingcosts.	4		2,714	“	2,714	; 2,322
Charitableactivities
Schooloperatingcosts'andgrants			5,875,419	31,515	5,906,934	5,518,933
‘Netincome/(expenditure}before			265,070	17,935	283,005	(96;176)
gain/(loss)oninvestments
Net(losses)/gainsoninvestments	9		-	(18,857)	(18,857)	14,724
Net.income/(expenditure)			265,070	(922)	264,148	(81,452)
Actuarialgain/(loss)ondefined benefitpensionscheme:	17		9,925	.	9,925	374,
Transfers	12		6,000	(6,006)	-	-
Netmoveinentinfunds		)	280,995	(6,922)	274,073___(81,078).
Totalfundsbroughtforward,			7,467,660	136,675.	7,604,335	7,685,413
Totalfundscarriedforward	13		7,748,655	129,753___7,878408		__7,604,335_

	Note		2022		2021
		£	£	£	£
Fixedassets
Tangiblefixedassets	8		6,554,164		6,695,521
Investments	9		158,111		176,968
			6,712,275		6,872,489
Currentassets
Debtors	10	147,518		218,150
Cashatbankandinhand		3,393,035		2,631,085
		3,540,553		2,849,235
Creditors:amountsfallingdue	11	(2,314,630)		(2,072,586)
withinoneyear
Netcurrentassets			1,225,923		776,649
Totalassetslesscurrentliabilities			7,938,198		7,649,138
Creditors:amountsfallingdueafter			-		-
oneyear
Netassetsbeforepensionliability			7,938,198		7,649,138
Definedbenefitpensionscheme	17		(59,790)		(44,803)
Netassets			7,878,408		7,604,335
Funds
Unrestrictedfunds
Generalfunds		1,194,491		772,139
Fixedassetsfund		6,554,164		6,695,521
Bursaryfund			-	-
			7,748,655		7,467,660
Restrictedfunds			129,753		136,675
Totalfunds	12		7,878,408		7,604,335
Thenotesonpages19to36formpartofthesefinancialstatements.
ApprovedbytheBoardofGovernorsandauthorisedforissue on| mMath itsbehalfby: JonathanBeckitt				2023and	signedon
Chair		ChairofFinance		Committee

		2022			2021
Cashflowsfromoperatingactivities:
Netcashprovidedby/(usedin) operatingactivities	(seebelow)		976,548 ”			413,954
Cashflowsfrominvestingactivities:
Purchaseofproperty,plantand-equipment		(214,598)		(132,716)
Netcashprovidedby/(usedin)investing activities			(214,598)			(132,716)
‘Cashflowsfromfinancingactivities:
‘RepaymentofbankJoan		-
Netcashprovidedby/(usedin)financing
activibies
Changeincashandcasheqitivalentsinthereporting		period	761,950			281,238
Cash.andcashequivalentsatthebeginningoftheperiod			2,631,085			2,349,847
Cashand.cashequivalentsattheendoftheperiod			3,393,035			2,631,085
Netiricome/(expenditure)forthe:reportirig	period		264,148			(81,452)
Adjustmentsfor:	.
(Gains)/lossesoninvestments			18,857			(14,724)
Non-cashmovementonIndependentSchools’Pension		Scheme	9,925.			374
Depreciationcharges:			326,234			316,395
Loss/(profit)onthesaleoffixedassets			29,721			714
(Increase)/decreaseindebtors			70,633			35,922
Increase/(decrease)increditors			257,030			156,725
Netcashprovidedby/(usedin)operating	activities.		976,048			413,954
Analysisofchanges innet debt:
	Atthe					Atthe
	startof aa year		Cash flows.			endof year
Cash	2,631,085		761,950			3,393,035
	2,631,085		761,950			3,393,035

Leaseholdpremises.	over50yearsoncost
Plantandequipment:
Computerequipment	33%perannum
Fixtures,fittingsandequipment	10%perarinum

Schoolfees.
	2022	20214
	£
Theschool'sfeeincomecomprised:
Grossfeés Less:Bursariesand‘grants	5,867,601 (103,014)	5,398,643 (173,123)
	5,764,587	5,225,520
‘Addback:grantsandbursariespaidbyrestrictedfunds	18,250	21,300
Operatingschoolfee(excludingbursariesandHardshipgrants)	5,782,837	5,246,820

2022		Staffcosts é	Othercosts £	Depreciation . £		Total £
RaisingFunds
Financecosts		-	2,714	*		2,714
Charitableactivities
Schooloperatingcosts:
Teaching		2,525,102	627,044	144,230		3,296,366
Welfare(includingcatering)		“	392,638	3,697		396,355.
Premises	.	150,111	444,881	178,317		773;309:
‘Supportcosts(note6}		1,172,080	268,844	-.	.	41,440,924	-
		3,847.293	1,733,293	326,234		5,906,934
TotalExpenditure		3,847,293.	1,736,121	326,234		5,906,648
ffcostsexcludeChartwells.	Independent staffof		£198,262(2021:	£171,011).
2021		Staffcosts	|Othercosts	Depreciation		Total.
		£	£	£		£
RaisingFunds
Financecosts	.	-	2,322	-		2,322
Charitableactivities
Schooloperating:costs:
Teaching.		2,584,555	330,978	134,514		3,050,047
Welfare(includingcatering)		-	310,629	3,563		314,192
Premises Supportcosts		134,064 1,141,832	446,301 254,179	178,318 -		758,683. 1,396,011
		3,860,451	1,342,087	316,395		5,518,933
TotalExpenditure		3,860,451	1,344,409	316,395		5,521,255

	2022	2021
	£	£
Currentauditor
Auditor~ Auditfees.(current year)	13,250	52,300
~Auditfees(prioryearunderaccrual)	-	900
Auditor- Non-auditfees’	2,300.	1,700
Governors:expenses	2,196	1,034
	17,746	15,934

Totalstaffcostswereasfollows:
	2029: £		2021 £
Wagesandsalaries	2,976,239		3,016,665
Employer'snationalinsurance	323,750		319,741
Employer'spensioncontributions	547,304	_	$24,045
Totalstaff costs	3,847,293		3,860,451

		2022	2021
		No	No
£60,006	-.£70,000	8	7
£70,000	-£80,000	1	3
£90,000	-£100,008	1	-
-£100,000	-£110,000	1	:
£120,000	-£130,000	1	-
£130,000	-£140,000	-	1

	2022	2021
	No	No.
Teaching	36.	37
Teachingassistants	10	12
Non-teaching.	29	32
	75	81

	2022	2021
	No	No:
Teaching:	33	33
Teachirigassistants	10	12
Non-teaching	29	28
	72	73

	Léasehold		Plantand		Workin
	premises.		Equipment		Progress	Total
	£.		£		£	£
Cost .
At1 September	.				-
2021	8,915,907		1,545,765			10,461,672
Additions		-	201,506		13,092	214,598
Disposals		-	(86,735)		. -.	(86,735)
At31August2022	8,915,907		1,660,536	—	13,092	10,589,535
Depreciation.
AtlSeptember					~
2021	2,784,262.		981,889			3,766,151
Chargefortheyear	178,318		147,916		-	326,234:
Disposals		-	57,014)		.	(57,014)
Af31August.2022.	2,962,580		1,072;791		-	4,035,371
Netbookvalue
At31August.2022	5,953,327		587,745		$3,092	6,554,164
At31August2021	6,131,645	_	563,876	|	~	6,695,527
clayshasa firstlegalchargeovertheleaseholdpropertyof					thecharityasa	result ofa loan.The
kloanwasfullyrepaidinMay2019.
edassetinvestments.
					2022	2021
UKManagedFunds					£	£
Marketvalueat1 September2021					176,968	162,244
Unrealisedinvestment	gains/(losses)				(48,857)	14,724.
Marketvalueat31August	2022				158,111	176,968
Historicalcostat31August	2022				120,799	120,799

	2022	2021
	£	£
Feedebtors	49,161	29,678
Otherdebtors:	(3,885)	1,742
Prepaymentsandaccruedincome	102,242	186,730
	147,518	218,150

		2022	2021
		£	£
Trade:creditors.		90,354	78,880
Accruals		76,067	38,276
Deferredincome.		217,746	201,764
Acceptancefeesdeposits		1,930,442	1,753,356
Othercreditors	.	20	310
		2:314,629	2,072,586

2022				‘Transfers,
	Balanceak.			actuarial		Balanceat
	1September			gain,and		31August
	2021	Income	Expenditure	losson		2022
	£			investments		£
UnrestrictedFunds:
Generalfunds	772,139	6,343;203	(5,551,899)	(168,952)		1,194,491
Fixedassetfund	6,695,521	-	(326,234)	184,877		6,854,164
Bursaryfund,	-	-	*		“	-
RestrictedFunds:
Bursaryfund	-	18,250	(18,250)		-	-
TheSainsbury Fund	mo ait; 123,410	-	-	sae 6 (18,857)		104,553
LearningPowers	-	6,000	-	(6,000)		-
MercersTrust Fund	-	25,200	.		-	25,200
SaturdaySchool	13,265	~	(13,265)		-	0
	7,604,335	6,192,653	(5,909,648)	(8,932)		7,878,408
2021	_			Transfers,
	Balanceat			actuarial		Balanceat
	‘tSeptember			gain,and		31August
	2021	Income.	Expenditure	losson		2021
	£			investments		£
UnrestrictedFunds:
Generalfunds	679,607	5,403,779	(3,179,619)	(131,628)		772,139
Fixedassetfund	6,879,914	-	(316,395)	132,002		6,695,521
Bursaryfund	-	-	-		-	-
RestrictedFunds:
Bursaryfund	-	21,300	(21,300)		-	-
te Sainsbury	108,686	.	-	14,724		123,410
Fund	|
SaturdaySchool	17,206,	-	(3,941)		°	13,265
	7,685,413	5,425,079	(5,521,255)	15,098		7,604,335

13,	Analysisofnetassetsbetween.funds	Analysisofnetassetsbetween.funds
	2022.	Tangible			Other
		fixed			-assets/
		assets	Investments		(liabilities)		Total
		&		£	£		£
	UnrestrictedFunds:
	Generalfunds	-		-	1,194,491		1,194,491
	Fixedassetfund’	6,554,164:		-		-	6,554,164
	Bursaryfund
	RestrictedFunds: The'Sainsbury Fund	:	158,171		(53,558)		104,553
	SaturdaySchool:
	Mercers.TrustFund	-		-	25,200		25,200
	Totalfunds2022	6,554,164	158,111		1,166,133		7,878,408	_
	2021	Tangible			‘Other:
		fixed,			assets/
		assets	Investments		(liabilities)		Total
		&	£		E		£
	UnrestrictedFunds:
	Generalfunds	7		-	772,139		772,139
	Fixedassetfund	6,695,521		-	:		6,695,521
	Bursaryfund
	RestrictedFunds:
	TheSainsbury Fund SaturdaySchool.	- .	176,968	.	(53,558) 13,265		123,410 13,265
	Totalfunds2021	6,695,521	176,968		731,846,		7,004,335

	2022	2022	2021	2021
	£	£	£	f
	Landand		‘Landand.
	buildings	Other	buildings	Other
Withinoneyear	$3,500	20,919:	83,500	26,115
Betweentwoanidfiveyears	334,000	73,218	334,000	74,038
Inoverfiveyears	8,016,000	-.	8,099,500	-
	8,433,500	94,137	8,517,000	74,038

	31	August2022	31	Avigust2021	31August2020
		(Es)		(Es)	(Es)
Presentvaluéofprovision		59,790		44,803:	49,442

					PeriodEnding	PeriodEnding	PeriodEnding	PeriodEnding
					31August.2022		31August	2021
					(Es)		(Es).
Provisionatstartof	period					44,803.		49,442
Unwindingofthediscountfactor		(interest:expense)				462.		423.
Deficitcontribution	paid					(4,828)		(4,688)
Re-measurements~	impactofany	chargeinassumptions				(9,925)		(374)
Re-measurements schedule	-aimendments to		thecontribution			29,278		-
Provisionatend.of	period					59,790		44803
INCOMEANDEXPENDITUREIMPACT
					PeriodEnding		PeriodEnding
					31August	2022	31August	2021
					(Es)		(Es)
Interestexpense						A62		423
Remeasurements~	impactofarty‘changein.assumptions					(9,925)		(374)
Remeasurements -.amendments		to	thecontribution
schedule
Contributionspaid	inrespectoffutureservice*						*	®
Costsrecognisedin	income.andexpenditureaccount
“includesdefinedcontributionschemesandfuture’servicecontributions						(i.e.excluding anydeficit
reductionpayments)to.definedbenefitschemeswhich				aretreatedasdefinedcontributionschemes,
To be-completedbythecompany.
ASSUMPTIONS
			31.August	2022	31August2021.		31August.2020
			%perannum		%perannum		%per-annium
Rate.ofdiscount				4.31.		1.09		0.90

18.	Comparativestatementoffinancialactivitiesfor2021
		‘Unrestricted		Restricted	Total
		funds		funds.	2021
		£		£	£
	INCOMEANDENDOWMENTSFROM
	Charitableactivities,
	Schoolfees	5,246,820		-	5,246,820
	Othereducationalincome	$1,231		-	$1,231
	Registrationfeesandotherincome:	69,793		-	69,793
	Otheractivitiestogeneratefunds.
	Investment income	~		-	-
	“Donations	-		21,300	21,300
	Otheractivities	5,935		~	5,935
	Totalincome	5,403,779:		21,300	5,425,079
	TOTALEXPENDITURE ON
	Raisingfunds
	Finaricingcosts.	2,322		-	2;322
	Charitableactivities
	Schooloperatingcosts:andgrants	5,493,692		25,241	5,518,933
	Totalexpenditure	5,496,014		25,241	5,521,255
	Netincome/{expenditure)beforegain/(loss)on	(92,235)		(3,541)	(96,176)
	investments			,
	Netgains/(losses)orinvestitients	~		14,724	14,724
	Netincome/(expenditure)	(92,235)		10,743	(84,452)
	Actuarialgain/{loss) on definedbenefitpension		.
	scheme	374		-	374
	Transfers	~		“	-
	Netmovementinfunds	(91,861)		10,783	(81,078)
	Totalfundsbroughtforward	‘7,509,521		125;892	7,685,413
	Totalfundscarriedforward	7,467,660		136,675	7,604,335